I think AI replacing artists is going to be a good thing in the long run.
Right now, if you want custom artwork made without the use of AI you have to either criminally underpay an artist on Fiverr or pay an artist hundreds of dollars to make one piece which you may not like.
I think the cat is out of the bag on AI generated art pieces and there's no way to put it back in, and so future artists will use a combination of their actual art skills and their ability to work with an AI system to create entirely new and currently nearly impossible art pieces, and there is an entire field of unexplored possibilities waiting to be tapped by Future artists.
AI can't make new art.
All it can do is repurpose pieces of art other people have made, just like Auto-Tune can make you sing on pitch but it can't make you a good singer.